Monday, May 23, 2022
HomeNational NewsFuel sales in the country hit a three-year high in March, while...

Fuel sales in the country hit a three-year high in March, while LPG demand also rose

Facebook
Twitter
Pinterest
WhatsApp

Gasoline sales, which surpassed previous levels a few months ago, rose 6.1 per cent to 2.91 million tonnes. Demand for both fuels was above pre-pandemic levels in March. LPG demand grew by 9.8 per cent to 2.48 million tonnes in March.

Fuel demand in the country rose by 4.2 per cent in March to a three-year high. According to official data released on Monday, the consumption of petrol and diesel has risen above pre-pandemic levels. The total consumption of petroleum products in March stood at 19.41 million tonnes, the highest since March 2019. The demand for transportation fuels increased in March following the COVID-19 pandemic. Diesel, the country’s most widely used fuel, accounting for nearly 40 percent of all petroleum product consumption, rose 6.7 percent to 7.7 million tonnes. Gasoline sales, which surpassed previous levels a few months ago, rose 6.1 per cent to 2.91 million tonnes. Demand for both fuels was above pre-pandemic levels in March. LPG demand grew 9.8 per cent to 2.48 million tonnes in March.

Fuel demand grew by 4.3 per cent to 202.71 million tonnes in the fiscal year ended March 31, 2022, the highest since FY20. While consumption of auto and cooking fuels increased, industrial fuels declined.

Petrol consumption grew by 10.3 per cent to 30.85 million tonnes in 2021-22, while diesel sales grew by 5.4 per cent to 76.7 million tonnes. Petrol demand was at an all-time high in FY22, while diesel sales were at an all-time high of 82.6 million tonnes in 2019-20. LPG consumption increased by 3% to 28.33 million tonnes. Demand for jet fuel, or ATF, rose 35 percent to 5 million tonnes, but consumption was less than 8 million tonnes in the year before the pandemic. The main reason was that full aviation services were resumed only at the end of last month.

Facebook
Twitter
Pinterest
WhatsApp
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments